Ifeanyi Ubah’s N135b fraud case adjourned till 2020


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A Federal High Court in Lagos on Wednesday adjourned until Feb. 13, 2020, trial of the Chairman of Capital Oil and Gas Ltd., Senator Ifeanyi Ubah, charged with N135 billion fraud.

The Federal Government brought the charge before Justice Nicholas Oweibo.

Capital Oil and Gas is named as the second defendant.

On Wednesday, Mr Kunle Adegoke appeared for prosecution, while Messrs Olisa Agbakoba and Ajibola Oluyede appeared for the first and second defendants, respectively.

Adegoke informed the court of a pending four-count charge preferred against the defendants, and urged the court to accept same.

Agbakoba, however, informed the court that his client had not been served with the charge.

He also told the court that a move for mediation was ongoing to resolve the matter out of court.

Although there were arguments and counter-arguments on the absence of the defendant in court, the judge ruled that since the defendant was not in court, the case would be adjourned.

According to the prosecution, the defendants committed the offences from 2012 to 2018.

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